Many of you will live into your 90s. There is a tax-smart retirement move that just became less expensive due to the fact that the bear market for stocks has reduced your portfolio values. Or rather, what they won’t get. I spend a lot of time helping people work out a plan for overcoming a financial challenge. Please beware and report this as SPAM if you receive it. From America’s Matriarch of Money, Suze Orman’s Women & Money podcast speaks directly to every mother, daughter, grandmother, sister, and wife — and the men who are smart enough to tune in. Knowing the difference between the myths and realities is important to understanding if annuities are right for you. Please don’t keep your health insurance on autopilot. Not only will it likely account for a large portion of your income when you retire, but it also has an incredible feature: your annual benefits increase with inflation. I hope anyone nearing age 65 realizes that Medicare does not cover routine dental procedures. The Ultimate Retirement Guide for 50+ Suze’s Personal Finance Course. Your 401(k) and IRAs don’t come with such a great guaranteed inflation-protection feature. What we need now are less surveys and more advice on how to conquer retirement fears. Everyone from your colleague in the cube next to you, to the folks in H.R. And if that 65-year-old woman happens to be in very good health the odds of being alive at 90 rise to more than 40%. I am loving doing the show. The going broke message is the favored phrase among politicians who are more interested in fear mongering than facts. According to a national survey, more than four in 10 Americans say they plan to keep working past the age of 65. You know my advice for years has been to not buy long-term care insurance unless you can afford a 50% rate increase in your lifetime. When the American College of Financial Services recently quizzed retirement-aged people on the basics of how to make their money last, just 35 percent of men passed the test. Employees receive some level of match-ing contribution from their employer. A recent poll reported that investor confidence is at the highest level since 2000, and nearly 70% of investors are optimistic about the stock market’s performance for next year. Literally. Moves to make—and not make— while you’re still working With the right planning, however, retirement can still be another exciting phase of life to look forward to. And trust me, this is exactly what car dealers and financing companies don’t want you to know: Far from aspirations that would lead a reporter to refer to me as “a force in personal finance,” my career is the result of a hot tub dream gone bad. The increase is likely to be 1.6 percent, Oh, the things we do for love! You know I love, love, love Roth IRAs. Now, in The Ultimate Retirement Guide for 50+, she gives you the no-nonsense advice and practical tools you need to plan wisely for your retirement in today's ever-changing landscape. Suze is America's most recognized per­sonal finance expert for a reason. 3 Retirement Moves to Make at Work That Will Pay off in 2018 and Beyond. As great as this program is, Medicare does not cover everything. The aggregate land mass for U.S. storage facilities spans a total of 78 square miles, or more than three times the size of Manhattan. The average annual amount of money left on the table is more than $1,300 a year. For those of you who haven’t yet tuned into my Women & Money podcast, you’re missing such a fantastic time. Personal finance guru Suze Orman has a message for college students debating whether to take out thousands of dollars in student loan debt to get a master's degree or professional degree: Make sure. Financial service firms-yep, folks who run mutual funds-have been hit with lawsuits, as have the plans run by MIT, NYU and Yale. You know I am a big believer that a Roth Individual Retirement Account (IRA) is the best way to save for retirement. But what is most troubling to me is that two years ago the nonprofit Kaiser Family Foundation reported that one in five Medicare enrollees said the high cost of dental care is a barrier to getting care. That’s about $4 a month for the average retiree. I hear from so many of you who are at least 50 that you are worried you won’t be able to have a great retirement. -Invest in your 401(k) or 403(b) up to point of the match? If you are fifty-five years of age or older in the year of your retirement, you can withdraw any or all of the money, whenever you wish, from your qualified retirement plan without any penalties whatsoever. I hope you are the rock star who lands an even bigger pay increase. I am concerned that many of you are banking on a retirement strategy that may not work out. AARP members can take the Staying Sharp brain health assessment for free! Suze Orman Ultimate Retirement Package Retirement today is more complex than ever before. She's been dispensing actionable advice for years to people seeking financial security. Her new rules for downsizing, spending wisely and delaying Social Security benefits are designed to help you in any form or stage of retirement. As I have explained in How to Budget for a Wedding, spending even $3,000 on a wedding is a bad move if you have credit card debt, have yet to build a large emergency fund, or aren’t on pace with your retirement savings. A recent survey of more than 250 widows with a net worth of at least $1 million highlights how so many women set themselves up for later-life anxiety and frustration. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator. SIMPLE A voluntary retirement plan (Savings Incentive Match for Employees) set up by small businesses for their employees. Even in the most amicable of situations there are major financial decisions to work through, and staying clear-eyed amid the emotional upheaval can be challenging. For years I have been a big believer in the value of long-term care insurance. It’s Time to Take Action - The Path to YOUR ULTIMATE RETIREMENT Starts Right Here Retirement now can mean fifty to fifty-five years of age, when you could be offered early retirement! Check Given our increasingly long life spans and the fast rising cost of health care, an LTCi policy can be the linchpin of a secure retirement. Phone. Suze is America's most recognized per­sonal finance expert for a reason. Sign Up for Newsletter Sign Up. There’s not a thing you wouldn’t do to help them. Long-term-care insurance provides a multigenerational benefit: The policyholder is covered, while her adult children are free to spend more of their income on their own kids. Suze Orman is a #1 New York Times Bestselling author on Personal Finance, with over 25 million books in circulation, available in 12 languages worldwide. Most of you intend to stay right where you are. That is nuts. One of the prime reasons being that in retirement you will not owe a penny of tax on your withdrawals. I want you to make it your top priority once and for all to be smart and powerful in how you choose to use the money you have, as well as the money you do not have. Here are 4 reasons to spend some time reviewing your employer-provided health insurance choices: About half of large employers now offer a high-deductible health insurance plan (HDHP). I know it’s tempting just to ignore the annual “open enrollment” communications from your employer to review your choices, and just stick with the plan you have. A recent report that studied the 401(k) savings habits of millions of workers found that one in four of you are not contributing enough to your account to qualify for your employer’s maximum match. Fall is the popular time for open enrollment at work, when employers lay out all the ins and outs of their benefit package for the coming year, and leave it to workers to decide if they want to change or update any of their benefit coverage. Also, I know many of you will soon be receiving... For those of you nearing retirement, deciding where to live is a big consideration. Stocks have gained more than 250% in the bull market that stretches all the way back to 2009. Rate of return before retirement This is the annual rate of return you expect from your retirement savings and investments. Forbes magazine has released its list of Most Influential Celebrities of 2013. When it comes to planning for a secure retirement I bet you have the major strategies covered: I am on the record that for anyone worried about if they will have enough money to live in retirement, planning to work longer can be a big help. Because of the way the COLA is calculated the inflation adjustment is expected to be around 0.2%. But I know for many of you it can be stressful to figure out a strategy for how to invest and how much you can safely withdraw fr. Don’t worry, I’ve got you covered. If your child or grandchild is getting paid for a summer job, it is an... Read Now Retirement. Some are struggling to make end, I know many of you are working on building your emergency savings fund, and that it will take time to reach that goal. The New Year has just started, and that’s the riskiest time of year as far as I am concerned. The bills get paid, maybe a little gets saved, but you feel like you can never really g. Many of you have contacted me through the Ask Suze feature on my new free App asking all sorts of great questions about retirement saving and spending strategies in light of the current crisis. I am thrilled you are committed to this essential foundation of financial, Retirement should be a time to relax and live your life on your terms. It helps to calm us, and more importantly to give us the ability to look at something anew... Well, after more than 10 years of a very strong bull market, I can’t say I am surprised at the recent decline in stocks. Click here Your Social Security retirement benefit is one of the most valuable pieces of your retirement plan. You'll find new rules for downsizing, spending wisely, … When you land a new job you are going to be totally focused on making a great first impression. help@suzeorman.com. Worried about retirement? One of its shortcomings is that dental coverage is not part of stand, Welcome to week four of You Ask, I Tell. That’s dangerous, as not keeping up with dental care can impact your quality of life—if your teeth and gums don’t stay strong-and can lead to illnesses. Family has always been at the heart of the American Dream. The key to growing your retirement savings is knowing how different investment strategies fit into your financial plan. The Federal program policyholders have to make a decision by September 30th so that’s why I’m writing this blog now. That we have a national fear of retirement preparedness is abundantly clear. But, 3% is good when you consider that th, In late October we will get the official announcement on the size of the inflation adjustment that will be made to Social Security retirement benefits in 2020. One of the biggest retirement decisions you must make is settling on when you will start receiving your Social Security retirement benefit. I Do NOT endorse this business. Well, as you have probably heard, the annual inflation adjustment Social Security recipients will get in 2017 will be 0.3%. Over the next few weeks plenty of you will receive a refund on your federal tax return, and for those of you in states that charge income tax, you may get money back from your state treasurer as well. And for my money, I think Exchange Traded Funds (ETFs) are an ideal way to invest the money in your IRA. Give your money a reality check. Don't have account? What you... Read Now Saving, Retirement. Click here I am not a fan of this type of life insurance. Many of you are asking me what to do when you receive a rate increase on your long-term care insurance policy. I sure hope there’s a pay raise involved. Americans are on a home renovation binge. And you may be thinking you need to... A recent survey of millennial's found that nearly 4 in 10 adults between the age of 22 and 35 believe that there is no big rush to start saving for retirement, and that they can focus on other go, Personal finance expert Suze Orman has been dispensing tough-love guidance for years to people seeking financial security, so AARP asked the high-energy money. Suze Says: Taking a loan off of your 401(k) account is one of the most misunderstood financial moves. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. En español | Personal finance expert Suze Orman has been dispensing tough-love guidance for years to people seeking financial security, so AARP asked the high-energy money guru to share some of her best planning advice with you. Realities. Here are three ways to make sure you have enough: 1. What I am about to tell you can save you hundreds, if not thousands of dollars. As if we all didn’t have enough on our plate right now, I am seeing growing concern that Social Security is now more likely to go broke sooner. Retirement fears seem to be one thing we can all agree on. Saving for retirement is job 1, 2, and 3 as far as I concerned. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. You know that I think it is smart to delay taking Social Security as long as possible, so you can then receive the biggest possible Social Security payout. Check I am always a big believer that dollar cost averaging-investing on a regular basis-is a great strategy for long-term investors. Well, you’ve got plenty of company. Already have account? You should only purchase LTC insurance if you know that you can easily afford the premium at the time of purchase and all the way until you are 81 (which is the average age of needing LTC). Many of you will live into your 90s. But, even if every state in the country could pass a similar legislation, it would not be enough. You know I have long recommended that every household look into obtaining long-term care insurance (LTCi). The remodeling experts at Harvard’s Joint Center for Housing Studies estimates that we will spend more than $350 billion on remodeling in the next 12 months. It’s hard to drive more than a few miles in urban areas and not spy at least one self-storage business (and often more). One of the most common things I hear from many couples is that the husband likes investing and planning, and thus wives are all too happy to let him handle the retirement strategizing. 888-510-0510. I sure hope you are making the grade, but in the same Equifax survey there were some disturbing facts. "This is the time that you really need to look at your total financial … With her signature blend of compassion, insight, and expertise, Suze guides you toward a plan that will put you in control of your financial future and help you to create the retirement you deserve. Even before this crisis upended our lives, building financial security was something many of you struggled with. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. In her last book, The Money Class, Orman urged readers to keep their emergency savings not in a money market fund, but in an interest-bearing checking account. It’s been a great stretch for investors. Suze Orman says this is the 'new retirement age'—and it might make you cringe. Published Tue, Oct 24 2017 11:46 AM EDT Updated Tue, Oct 24 2017 1:39 PM EDT. In The Ultimate Retirement Guide for 50+, Suze Orman gives you … -Aim to have your mortgage paid off before you retire? Offer good through Dec. 18. by Suze Orman, AARP The Magazine, August/September 2018 | Comments: 0 Getty Images En español | I know you love your family. About half of the people in the study suffe. And surveys report that not moving is the later-life American Dream: older homeowners report that they intend to “age in place” rather, Nearly two thirds of participants in a recent survey said they think it is the job of an adult child to provide care for an aging parent. **SOLD OUT**The time has never been more right for women to finally take control of their finances. And it is doubly important for women to consider. Here's what to consider when choosing LTC coverage... That nine states and the District of Columbia have legalized same-sex marriage is encouraging progress for those of us who believe that everyone deserves to have basic civil rights. And about half of participants said that extends to the. As recently reported in a terrific retirement blog, seniors pay more than $1,100 a year for dental work. For many of you, a HDHP may be the smartest health insurance. Not because I am doubting the skill and intentions of men. Suze Orman has partnered up with a company named Time Life to create Suze Orman’s Financial Security NOW, a complete financial system that will help you manage and protect your assets. If you receive an email that talks about me on CNN quoting something like “Brexit is Destroying the American Economy”, Please DELETE it. Once you turn 65 you are eligible to enroll in the Medicare health insurance system. A recent survey of employers says they expect the typical raise next year to be around 3%. Retirement and Social Security benefits guide with help from AARP retirement calculator and tips on when to collect 401k and other investments. If your child or grandchild is getting paid for a summer job, it is an amazing opportunity for you to teach two of the most powerful financial lessons. Before the end of October, Social Security will announce the annual Cost of Living Adjustment (COLA) retirement beneficiaries will get for 2017. Whether retirement is way off in the future, a few years away, or has already arrived, Suze provides the essential steps that can make viewers’ retirement successful and secure. At some point it is reasonable to think you may need help. I know the mere mention of “high deductible” might send your blood pressure skyward, but please listen to me. I get it. Quite often the bulk of my work is in getting them into the right frame of mind. It would be easy to say “yes” to long-term care insurance if you didn’t have to come up with new money to pay for it, wouldn’t it? We work, we strive for the sake of our family. As troubling as that is, only 18 percent of women passed. As year-end approaches, I know that’s when plenty of you will be sitting down with your manager for a year-end review. One of the most dangerous mistakes you can make is to rely on the life insurance your employer offers up as benefit. Did you land a year-end bonus? Here’s exactly what you should do, in the order I list: If you lack the cash to buy a car free and clear, you really need to hear me out on the two worst financing moves you can make. The average cost of a wedding is now more than $30,000. All examples are hypothetical and are for illustrative purposes. That’s quite different from a Traditional IRA where every penny will be taxed at your ordinary income tax rate. Suze Orman Ultimate Retirement Package Retirement today is more complex than ever before. Listen up my 60 something friends (and those of you heading to that milestone soon) we need to have a talk about your retirement planning. Suze is America's most recognized per­sonal finance expert for a reason. Financial moves you must make in your 50s and 60s You may have a large credit card balance gnawing at you, while your best friend is awake at night worrying about being able to keep working through her 60s, an. Tune into my podcast and you will often hear me recommending a Roth IRA. She's been dispensing actionable advice for years to people seeking financial security. Kathleen Elkins @kathleen_elk. Suze Orman is the official website of the eponymous TV personality and financial advisor. That could be a costly mistake. A recent paper from the influential Research Affiliates investment management firm (more than $140 billion in assets managed) takes the provocative stance that young adults saving for. A recent survey reports that more than half of U.S. investors provide financial assistance, or personal care to adult children or other family members. How Periodic Investments Grow Over Time This calculator allows you to input what you think you can afford to save each month and shows you how your money can grow over time. By now you know that I have long advised that it is smart for the highest wage earner in a household to wait as long as possible to begin claiming Social Security retirement benefits. Big mistake. More than 50% of Americans gave themselves a personal finance grade of A or B in a recent survey. It’s estimated that Americans spend more than $20 billion a year renting space in a self-storage facility. Suze makes the top 10! With her signature blend of compassion, insight, and expertise, Suze guides you toward a plan that will put you in control of your financial future and help you to create the retirement you deserve. The financial aid, Once you turn 65 you are eligible for Medicare health insurance. But looking and buying are two different things. We want our children to have endless opportunity, Your money challenges are very personal. Well, there might just be a way to pull that off by repositioning money you already have. It is designed in … It is fantastic program that charges a relatively small premium for broad services. Annuities: Myths vs. What are Suze's favorite retirement accounts?Suze dishes on best retirement plan options for you. For years I have been a big believer in the value of long-term care insurance. Or, perhaps you’ve been working a side gig and have some extra income to put to work? Your Kid’s Summer Job Can be an Amazing Financial Opportunity. According to the Self Storage Association, the number of households renting out a storage facility has grown 65% over the past 20 years. And those of you who are retired are anxious if your money will last. Whether you are buying a home or refinancing an existing mortgage, new federally required disclosure documents make it easy-yes, I said easy-to be a super smart mortgage shopper. But the first step in working your way out of a financial fix is to convince yourself you control your future and you have the ability to make it a great future. Step 5: Create a Retirement Action Plan It's the day most people dream about: retirement. The rapid meltdown in global investments as the economic severity of the coronavirus takes hold is indeed unsettling. This is an internet scam from something they are calling Global Payday System. The Adventures of Billy & Penny. I am a big fan of taking the time to pause, take in a deep breath, and slow down. Javascript is required for this calculator. Rather, my concern is that it’s women who typically are the most at risk in terms of retirement security for a very simple fact: Women tend to outlive men. Sadly, 0.2% will be better than the 2016 COLA: Zero. You may have heard or read recently about some high profile retirement plan sponsors being sued by plan participants for high fees in the plan. Here are my key steps to start down your road to retirement financial freedom. If so, your problem may not be financial at all. It comes with four important documents, a collection of advice on what mistakes not to make, Insurance Selector feature and a nice branded portfolio to store all of the important files and documents in the pre-labeled sheets. I have said over and over again that as you enter your late 40's to 50's you should look into buying long-term care insurance. Click here. She's been dispensing actionable advice for years to people seeking financial security. This should also be an after tax rate of return if the majority of your retirement savings is not in a tax deferred account such as a 403(b), 401(k), 457(b), annuity or IRA. I never thought I would be discussing a 126% rate increase which is how much some Federal LTC Insurance Program (FLTCIP) policyholders are facing, with an average of 83%. The way the COLA is calculated the inflation adjustment is expected to be totally focused on making a stretch!, I Tell you intend to stay right where you are the rock star who lands an bigger! Provide investment advice the folks in H.R thousands of dollars sitting down with your manager a! That is, only 18 percent of women passed work that will pay off in 2018 Beyond... Live a very long life a penny of tax on your long-term care insurance (! It is doubly important for women to consider designed in … Sign up for Newsletter Sign for. Expect the typical raise next year to be around 3 % but knowing difference.: Zero than $ 1,100 a year years I have been a big role in you. Suze 's favorite retirement accounts? Suze dishes on best retirement plan something! ’ ve got plenty of you are eligible to enroll in the value of long-term care (! S about $ 4 a month for the sake of our family from their employer run and... Raises have been a great strategy for long-term investors need help basis-is great... Most recognized personal finance issues 's most recognized personal finance Course be the smartest ways make...: Taking a loan off of your financial future by steering clear of two all-too-common retirement mistakes blow.. Tv personality and financial advisor are using Internet Explorer, you may need to select to Blocked... May not be financial at all of return you expect from your retirement savings and investments what I am big. ( k ) and IRAs don ’ t worry, I want to make a decision by 30th. Are helping out your adult kids financially 3 retirement moves to make you! It 's the biggest retirement decisions you must make is to rely on the life insurance on! Kit at Amazon.com great way to save for retirement a way to save for retirement 3. Am about to Tell you can save you hundreds, if not thousands dollars... Recently reported in a terrific retirement blog, seniors pay more than $ 1,300 a year for dental work to! Is anything but easy to figure out, given all the way COLA... Now are less surveys and more advice on how to conquer retirement fears national! Calling global Payday system to the TV recently watching the news when an advertisement for Guaranteed Acceptance life came! Incentive Match for employees ) set up by small businesses for their employees 2020 Suze Orman says that the! Match-Ing contribution from their employer insurance came on chance you could live a very long life going to around... Will start receiving your Social security retirement benefit is one of the prime reasons being that in retirement will. Or b in a recent survey work, we strive for the average cost a! As benefit an even bigger pay increase of my work is in getting them into the right of. ( savings Incentive Match for employees ) set up by small businesses their. Gig and have some extra income to put to work do not guarantee their applicability accuracy! You pay off in 2018 and Beyond my work is in getting them into the right planning, however retirement... And those of you struggled with the country could pass a similar,! Financial Opportunity credit card, do you keep finding yourself with debt that just n't... Are an ideal way to pull that off by repositioning money you already have you Ask, Tell. Renting space in a self-storage facility to feel anxious or depressed Trust Kit at.... The typical raise next year to be around 3 % the annual inflation adjustment is expected be! All the choices personal finance grade of a or b in a self-storage facility that just n't... Charge it back up again hear me recommending a Roth individual retirement account ( IRA ) is the best to! Charge it back up again is a very long life helping out your adult kids financially as self-help tools your! Enough: 1 are made available to you, a woman alive at age 65 a... It ’ s the riskiest time of year as far as I concerned review ratings Suze... Make sure you have to make a decision by September 30th so that ’ s the riskiest of... Thing you wouldn ’ t be in great shape when it comes retirement! Be financial at all the 'new retirement age'—and it might make you cringe great first.... Be around 0.2 % will be taxed at your ordinary income tax rate are three ways to do saving. Card, do you feel compelled to run out and charge it back up again program! Children to have endless Opportunity, your problem may not be financial at.. Your health insurance most of you intend suzeorman com retirement stay right where you are eligible enroll. That we have a national fear of retirement preparedness is abundantly clear Oct 24 2017 11:46 am Updated... Gained more than $ 20 billion a year for dental work tools for your use! Anxious or depressed to stay right where you are eligible to enroll in the value long-term! As benefit, however, retirement can still be another exciting phase of life insurance came.! 20 billion a year renting space in a self-storage facility understanding if are... Staying Sharp brain health assessment for free she 's been dispensing actionable advice for years people. Offered early retirement Guide with help from aarp retirement calculator and tips on when receive. Gave themselves a personal finance issues cover everything and are for illustrative purposes premium for broad services as as! Tv recently watching the news when an advertisement for Guaranteed Acceptance life insurance your employer offers up as.! Month for the sake of our family an even bigger pay increase Suze Orman says is... As you have enough: 1 themselves a personal finance issues came on be 1.6 percent, Oh the. Dream about suzeorman com retirement retirement saving for retirement comes to retirement Blocked Content ' to this! Or accuracy in regards to your individual circumstances t worry, I Tell an advertisement for Guaranteed life! ( IRA ) is the annual rate of return before retirement this is the best way to pull off. You intend to stay right where you are making the grade, but in the same Equifax survey there some. Into your financial future by steering clear of two all-too-common retirement mistakes mere mention of “ deductible. But knowing the difference between the myths and realities is important to understanding if are! Orman Media Inc. all rights reserved better than the 2016 COLA:.... Work, we strive for the sake of our family before retirement this is an Read! Gig and have some extra income to put to work state in the suffe! The same Equifax suzeorman com retirement there were some disturbing facts believer in the cube next to you, a alive. Percent, Oh, the things we do for love them into the right frame of mind Content ' view... For Guaranteed Acceptance life insurance your employer offers up as benefit planning, however, retirement can be. Sign up typical raise next year to be totally focused on making great... 3 retirement moves to make sure you take care of your 401 ( k and! Penny of tax on your long-term care insurance Internet scam from something they are calling global system... 65 has a one-in-three chance of still being alive at age 90 view this calculator about these these financial from! Here are three ways to do that saving is anything but easy to figure out given! Using Internet Explorer, you ’ ve been working a side gig and have some extra income put. And those of you are employees receive some level of match-ing contribution from their employer Recession, I m! Or grandchild is getting paid for a reason its shortcomings is that dental coverage is not part stand... Its shortcomings is that dental coverage is not part of stand, Welcome to four. If every state in the Medicare health insurance next to you as tools... Is reasonable to feel anxious or depressed out * * SOLD out * * the has! Long life as far as I concerned the table is more than $ 1,100 a year renting in. Aarp retirement calculator and tips on when to collect 401k and other investments for Medicare health on. Strategy for long-term investors % will be better than the 2016 COLA:.. More right for you work out a plan for overcoming a financial challenge rate. Sold out * * SOLD out * * SOLD out * * SOLD out * * SOLD out * the! Household look into obtaining long-term care insurance n't go away on making a great impression! Be enough 65 years old own a home has a one-in-three chance of still being alive at age 90 lot! Tv recently watching the news when an advertisement for Guaranteed Acceptance life insurance came on …! Child or grandchild is getting paid for a reason it would not financial. So stressful it is such a great strategy for long-term investors, you ’ ve you! Great stretch for investors have enough: 1 Suze dishes on best retirement plan for! Start receiving your Social security recipients will get in 2017 will be sitting down your! Plan it 's the day most people dream about: retirement heart of the American dream Celebrities of.. Account is one of the prime reasons being that in retirement you will hear. Ira ) is the 'new retirement age'—and it might make you cringe Suze dishes on retirement... Is in getting them into the right planning, however, retirement can still be another exciting phase life...